Calif. high-speed rail board adopts new business plan. Forgive us while we pause for a good laugh.
Revenue is expected to be 5 percent lower than originally projected by 2025 and 10 percent lower by 2040, but the authority says it still will be able to operate without taxpayer subsidies.
Only in Fantasyland California could you get a prediction like this. Notice no mention of the fact it will end up costing way more than $68 billion, which is yet more fantasy. If you think I’m crazy look at the $5 billion cost overruns on the new SF-Oakland Bay Bridge span.
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My main unhappiness with the entire railroad idea is this problem. You catch the train in Bakerspatch, ride to Anaheim, and now you are at the station, sans car. Now you can either take a leisurely stroll thru the ghetto, or hire a taxi that costs more then your gas in the first place. You cannot go anywhere without more taxis, and your at the mercy of another transport system you cannot control. I like my car, I can drive it anytime, anywhere. Why would I try an archaic system of transit that does not work as well, or as cheaply?
Their new business model is to stand out in an intersection in downtown LA and beg for spare change.
That will bring in more revenue than the train.
This is going to make Boston's big dig look like a bargain.
So Disneyland and the Anaheim Ducks want it. What a surprise, these clowns are ALWAYS interested in stuff that benefits THEM but costs SOMEONE ELSE money (like new stadiums with luxury boxes that the average taxpayer will pay for but can't afford a ticket to actually go there.) Well, if Disneyland and the Anaheim Ducks think it's a good idea, maybe they should front the money for it.
I predict that by 2025 revenues will be 100% below expectations and by 2040 revenues will still be 100% below expectations.
This will NEVER BE BUILT.
If it was so hot of a moneymaker private industry would have already built it.